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Mel Stride tears into Labour for 'toying with' food price cap plans: 'Absurd!'

1 sources1 storiesFirst seen 5/21/2026Score26Mixed Progress
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GB News - News

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Sir Mel Stride has launched a scathing attack on Chancellor Rachel Reeves over the now scrapped plans to implement price caps on essential foods.Speaking to GB News, the Shadow Chancellor hit out at the Labour Government for "toying" with Britons over the plan.Reacting to the Government's sudden shift on the plan following criticism from the Governor of the Bank of England, Sir Mel declared he "totally agrees" with the Governor's verdict.He told GB News: "They seem to have shifted their position a bit on this as the absurdity of this position has been more exposed, and I totally agree with the Governor of the Bank of England.

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TRENDING Stories Videos Your Say "At the end of the day, if you step in as the man or woman from Whitehall and say, I'm going to tell you what the price of eggs and fish and bread should milk should be, that just doesn't work."Sir Mel warned that such a plan would have placed further "pressure on businesses" and caused "shortages on shelves" for shoppers.He...

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Bloggbnews.com5/21/2026